Following the announcement (http://macte.ch/4naoQ) that Apple plans to buy AuthenTec, a pair of law firms are “investigating” the security company’s board of directors for possible breaches of fiduciary responsibility, reports “AppleInsider” (http://www.appleinsider.com).
Law firms Levi & Korsinsky and Rigrodsky & Long, P.A. are looking to wrangle shareholder class action lawsuits on allegations that AuthenTec’s board of directors purposely undervalued the company in its $356 million sale to Apple. Read more at http://macte.ch/8gwRz .